Oireachtas Joint and Select Committees

Thursday, 30 November 2017

Public Accounts Committee

Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts

9:00 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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With the onshoring of intellectual property, what if a company takes advantage of the capital allowances immediately after the intellectual property is onshored and a year later decides to move elsewhere? The tax code does not capture this over time and it can be very short term. Is the way in which it is structured more risky?